Comcast Co. (NASDAQ:CMCSA) has been given an average recommendation of “Buy” by the twenty-six brokerages that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $44.92.
Several research firms recently issued reports on CMCSA. Pivotal Research reissued a “buy” rating and issued a $54.00 target price on shares of Comcast in a report on Wednesday, June 26th. Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. Barclays set a $46.00 price target on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada upped their price target on PVH to $145.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Finally, Raymond James restated a “hold” rating on shares of Broadcom in a research note on Friday, June 14th.
In other news, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total transaction of $70,523.46. Following the completion of the transaction, the senior vice president now directly owns 4,712 shares in the company, valued at approximately $195,359.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen B. Burke sold 457,633 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $43.35, for a total value of $19,838,390.55. Following the transaction, the executive vice president now owns 1,078,189 shares of the company’s stock, valued at $46,739,493.15. The disclosure for this sale can be found here. Insiders have sold a total of 463,801 shares of company stock valued at $20,095,992 over the last quarter. Corporate insiders own 1.35% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Archford Capital Strategies LLC raised its holdings in Comcast by 6.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after buying an additional 240 shares during the period. SevenBridge Financial Group LLC raised its holdings in Comcast by 0.6% during the 2nd quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock valued at $1,752,000 after buying an additional 249 shares during the period. Camarda Financial Advisors LLC raised its holdings in Comcast by 8.1% during the 1st quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock valued at $133,000 after buying an additional 250 shares during the period. Mechanics Bank Trust Department raised its holdings in Comcast by 1.8% during the 2nd quarter. Mechanics Bank Trust Department now owns 13,918 shares of the cable giant’s stock valued at $588,000 after buying an additional 252 shares during the period. Finally, Alpha Omega Wealth Management LLC increased its stake in Comcast by 3.5% in the first quarter. Alpha Omega Wealth Management LLC now owns 7,631 shares of the cable giant’s stock worth $305,000 after purchasing an additional 255 shares during the period. Hedge funds and other institutional investors own 82.57% of the company’s stock.
Comcast stock traded down $0.50 during midday trading on Tuesday, hitting $44.06. The stock had a trading volume of 18,371,327 shares, compared to its average volume of 17,347,860. The stock has a fifty day moving average of $42.75. The stock has a market capitalization of $199.97 billion, a P/E ratio of 17.28, a PEG ratio of 1.23 and a beta of 1.07. Comcast has a 52-week low of $32.61 and a 52-week high of $45.26. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.08. The company had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.27 billion. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. On average, equities research analysts anticipate that Comcast will post 3.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%. Comcast’s dividend payout ratio is currently 32.94%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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